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Old 05-01-2017, 08:25 PM   #1
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Favorable Exchange Rates

The exchange rate USD to CAD has moved a few points in our favor. My build sheet is done and although my completion date isn't until Sept, I'm wiring those funds now to lock in that great rate and save a few clams.

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Old 05-01-2017, 08:32 PM   #2
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Originally Posted by Sisababe View Post
The exchange rate USD to CAD has moved a few points in our favor. My build sheet is done and although my completion date isn't until Sept, I'm wiring those funds now to lock in that great rate and save a few clams.

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Good idea!
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Old 05-01-2017, 08:44 PM   #3
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Yep, hit 73 cents today. Cheapest we've seen in several months.
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Old 05-01-2017, 08:50 PM   #4
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Yep, hit 73 cents today. Cheapest we've seen in several months.
That's crazy low. One could get a new 19, with about 5K of added options for under 27K US!

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Old 05-01-2017, 08:52 PM   #5
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We' re playing the exchange rate game too, but haven't jumped yet to lock in a rate for our 19. Such a gamble when trying to predict what Trump will do next to our Canadian friends. Sheesh!
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Old 05-01-2017, 08:57 PM   #6
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Originally Posted by Sisababe View Post
The exchange rate USD to CAD has moved a few points in our favor. My build sheet is done and although my completion date isn't until Sept, I'm wiring those funds now to lock in that great rate and save a few clams.
Yes, the exchange rate moved in our favor last week and has continued in that direction this week. We sent the wire for our end of June delivery on Wednesday at 1.3572 USD/CAD. Would have saved an additional $134 if we waited until today , but it also could have went the other direction as well . The rate saved us around 1200 clams over what it was when we made our deposit last August, which is cool .
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Old 05-01-2017, 08:59 PM   #7
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We' re playing the exchange rate game too, but haven't jumped yet to lock in a rate for our 19. Such a gamble when trying to predict what Trump will do next to our Canadian friends. Sheesh!
Linda, the USD has been up on the CAD in varying amounts for years, and the White House, regardless of it's occupant, had very little to do with it.

Having said that, .73 is a very low rate. Might even be historically low. For what it's worth, I would strike while the iron is hot.

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Old 05-01-2017, 09:16 PM   #8
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Somewhere around the year 2000 the exchange rate was around 0.62 or O.63 USD to 1.00 CDN if my memory is correct. If that is a good thing or a bad thing I guess depends on your prospective.
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Old 05-01-2017, 09:17 PM   #9
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Recent statements about Canada 'dumping' softwood lumber into the US and not being fair to US dairy as well as cancelling NAFTA have had a direct effect on the Canadian dollar.
But, I wouldn't bet on the outcome.
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Old 05-01-2017, 09:30 PM   #10
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Anyway back to the topic, I would say pay for next day Air UPS or fedex. US mail priority mail Express tied up in customs a number of days on an exchange run costing us Money
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